"The FOMC directed the Open Market Trading Desk at the Federal Reserve Bank of New York to continue to increase the System Open Market Account holdings of Treasury securities and agency mortgage-backed securities (MBS) at the current pace."
Today is the last FOMC meeting until after the election... begging the question of just how 'dovish' will Fed Chair Powell be - to keep the stock market dream alive (and potentially President Trump's re-election hopes).
"This is the most negative rebalancing flow since the virus crisis.... this negative rebalancing flow becomes even more problematic given this month’s sharp decline in equity market depth"